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Urb.Montebello, Algorfa, 03189

Quad House - For sale
Fantastic investment! Discount of approximately 55%. For sale is the BARE OWNERSHIP of this fantastic villa in Calle Jazmín, 03176 Algorfa (Alicante).
€70,000 ( PW)

Highlights

Address:

Urb.Montebello, Algorfa, 03189

Price:
€70,000 ( PW)
Property type:

Quad House - For sale

Reference:

ERS001


Property description

Fantastic investment! 

Discount of approximately 55%. 

For sale is the BARE OWNERSHIP of this fantastic villa in Calle Jazmín, 03176 Algorfa (Alicante). 

The current owners, a married couple aged 85 and 82, reserve the right to use and enjoy the property for the rest of their lives. 

Terms and conditions of the investment; The property has a market value of 160.000€. Payment plan: Down payment of 40.000€ and a monthly annuity of 500€/month. 

The purchase price indicated in the advert of 70,000 is an approximation. It has been calculated taking into account the life expectancy of the youngest of the current owners, which is 5 years.   

They will continue to live there and keep the property maintained until the end of their time in Spain. The investor gets a fantastic deal and the sellers do too; they release equity form their property without having to move. 

Ongoing costs are negotiable. As a general rule, the ordinary community fees, the contents insurance, the urban waste tax, and the utilities (electricity, water, etc.), will be assumed by the selling party. We strongly advise our investors to take out insurance to cover any other potential unforeseen circumstances.

Description of the property: This beautiful villa has a porch at the entrance, right next to a parking area for one vehicle. The living-dining room is spacious and bright and is partially connected to the open plan kitchen with breakfast bar and is fully equipped. This kitchen has access to a laundry area. It has a total of 3 good-sized bedrooms with fitted wardrobes and two complete bathrooms with shower. The cozy terrace on the upper floor is ideal to enjoy the good weather in the area, with enough space for a table and chairs. The property has air conditioning and also has a fantastic communal swimming pool. Located in the urbanization of Montebello, Algorfa, close to Alicante and the Mediterranean sea. In this urbanization, you will find bars and restaurants, and only 2 minutes away, in Ciudad Quesada, you will find all the services such as supermarkets, pharmacies, banks, shops, medical centre, and much more. 

The beaches of Guardamar are only 10 minutes away and Alicante airport is only 30 minutes away.  


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Information

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer... of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

Property details


Key features

Contact us

  • Adam Cook
  • Director
  • Phone: 0034 727 787 41
  • Email: adam@spanishhomes.online

Contact us

  • Adam Cook
  • Director
  • Phone: 0034 727 787 41
  • Email: adam@spanishhomes.online

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Urb.Montebello, Algorfa, 03189